Gold hold together with the decline in European stocks

Gold prices firmed in Europe yesterday to recover from the previous losses after European stock markets fell at the open with investors expected a new round to measures the quantitative easing by the Federal Reserve (U.S. central bank).
The gold record in last August the largest monthly rise since November 2009, after weak economic data raised speculation that the Fed may print more money to support thefaltering economy.

It settled the price of gold in the spot market to $1,822.74 dollars per ounce at 0907GMT after falling to the level of 1,814.34 dollars an ounce overnight in Asia, but it recovered, as indicated to weak the stock markets to drop the demand for assets, which is believed to involve a risk of rising the price in Europe.

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